The IMF was one of those targets of student campaigning revulsion.  Sunday Herald reports that the IMF is increasingly sidelined, even by its own members!  Malaysia ignored IMF policy and recovered from Asian crisis of 90s more quickly than its neighbours.  Argentina defied in 2001 – cleared IMF debts in 2006 and has had 6 years of GDP growth in excess of 8%.  New Banco del Sur (funded by Brazil and Venezuela governments) aims to provide similar short term funds.